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Philippines
Mabilo Project

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 Location:
195km ESE from Manila, Philippines

  Project Contacts:
Level 2, 338 Barker Road
Subiaco
Australia
6008
Phone  ...  Subscription required
Fax+61-8-6489-2920
WebsiteWeb
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Overview

StagePermitting
Mine TypeOpen Pit
Commodities
  • Copper
  • Gold
  • Silver
  • Iron (magnetite)
  • Pyrite
  • Iron
Mining Method
  • Truck & Shovel / Loader
Mine Life10 years (as of Jan 1, 2016)
RTG Mining Inc. is currently focused primarily on progressing the Mabilo Project to start-up having recently received a mining permit for the Project


Owners

Source: p. 1, 2
CompanyInterestOwnership
TVI Pacific Inc. 18.4 % Indirect
Mt. Labo Exploration and Development Corp. (operator) 100 % Direct
Mt. Labo Exploration and Development Corporation (“MLEDC”) is a Philippines mining and minerals exploration development company and the owner and operator of the Mabilo Project ("Mabilo").

MLEDC is owned by SageCapital (60%) and by RTG Mining Inc. (RTG), through SRM Gold (40%).

On January 31, 2022, TVI Resource Development (Phils.) Inc. (TVIRD) obtained control of SageCapital Partners, Inc. (“SageCapital”) through the acquisition of all of its outstanding capital stock. This acquisition has further provided TVIRD an indirect 60% equity interest in Mt. Labo Exploration and Development Corporation (“MLEDC”), as held by SageCapital.

TVI Pacific Inc. holds a 30.66% interest in TVI Resource Development Phils., Inc.

Contractors

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Deposit Type

  • Skarn


Summary:

The Mabilo Property hosts mineralization of copper-gold-magnetite skarn type. Skarn describes a rock dominated by calc-silicate or calcium- magnesium silicate minerals formed by metasomatic replacement of carbonate-bearing rocks rich in calcium and magnesium. Skarn forms as a result of interaction of carbonate- bearing host rock with hydrothermal fluids derived from an igneous intrusion.

Skarn copper-gold-magnetite is considered to be the primary target at the Mabilo Property. While the occurrence of copper-gold-magnetite skarn may suggest some potential for porphyry coppergold mineralization, no indication of this type of mineralization has been encountered and no porphyritic intrusions have been identified. There may also be potential for epithermal gold mineralization, but this is also a secondary target; pyrite-quartz overprint of the known skarn is of epithermal style, but is not known to be gold-mineralized.

The geology of the Philippines comprises a complex sequence of juxtaposed and superimposed island arcs formed by multiple episodes of subduction, arc-magmatism, ocean basin closure, collision, ophiolite accretion and lateral translation of terranes through regional strike slip faulting, notably the 1,500 km long sinistral strike slip Philippine Fault System ('PFS').

Gold mineralization in the Philippines occurs predominantly within deposits of porphyry copper-gold and epithermal gold (-silver) style. Late Miocene-Pliocene co ........


Mining Methods

  • Truck & Shovel / Loader


Summary:

Open pit mining is the method selected for the Mabilo mining operation. Pit optimization has demonstrated that application of this method results in favorable project economics. The method deploys conventional drilling, blasting, loading and hauling techniques to excavate and transport ore and waste materials.

Mining activities also include clearing of land, stripping and storage of topsoil, ore rehandle, pit dewatering, dust suppression and dump rehabilitation. All activities will be performed by mining contractors except for grade control, mine planning and mine management being undertaken by the mine owners.

Ultimate Pit Design
Some features of note:
• The deepest part of the pit is at -100 m RL, with a pit ramp exit at 115 m RL, making the pit 215 m deep.
• Ramps are located in the eastern wall at a gradient of 10%, utilizing switchbacks, except in the final single-lane sections.
• Single lane ramps with a maximum gradient of 12.5% were used to access the deepest parts of the orebody with minimal waste mining. The northern single lane ramp runs from 55 m RL to -0 m RL, or 55 meters depth, and the southern single lane ramps runs from - 30 m RL to -95 m RL, or 65 meters depth. These areas are located in fresh rock, below the Tumbaga Weathered geotechnical contact.
• Goodbye cuts are mined at 10 m width from the last level with bench access.
• Switchbacks have been located in line with catchment berms to minimize the w ........


Crushing and Grinding
Flow Sheet: Source


Processing

Flow Sheet: Subscription required

Summary:

- subscription is required.


Projected Production:

CommodityProductUnitsLOM
Copper Metal in concentrate M lbs 225
Copper Metal in ore M lbs 289
Copper Concentrate kt 373
Gold Metal in ore oz  ......  Subscription required
Silver Metal in ore oz  ......  Subscription required
Iron (magnetite) Concentrate kt  ......  Subscription required
Pyrite Concentrate kt  ......  Subscription required
Iron Metal in concentrate kt  ......  Subscription required

Operational Metrics:

Metrics
Stripping / waste ratio 10 *
Waste tonnes, LOM 77.7 Mt *
Ore tonnes mined, LOM 7,792 kt *
Total tonnes mined, LOM 85,506 kt *
Annual milling capacity 1 Mt *
* According to 2016 study.

Reserves at November 1, 2016:

CategoryTonnage CommodityGradeContained Metal
Probable 7.792 Mt Copper 1.95 %
Probable 7.792 Mt Gold 2.04 g/t
Probable 7.792 Mt Silver 8.79 g/t
Probable 7.792 Mt Iron 45.5 %
Indicated 8.86 Mt Copper 1.9 % 169.8 kt
Indicated 8.86 Mt Gold 2 g/t 577.6 koz
Indicated 8.86 Mt Silver 9.8 g/t
Indicated 8.86 Mt Iron 45.6 % 4,035 kt
Inferred 3.91 Mt Copper 1.5 % 57 kt
Inferred 3.91 Mt Gold 1.5 g/t 184.9 koz
Inferred 3.91 Mt Silver 9.1 g/t
Inferred 3.91 Mt Iron 29 % 1,134 kt

Commodity Production Costs:

CommodityUnitsAverage
Credits (by-product) Copper USD -0.66 / lb *  
Credits (by-product) Gold USD -869.86 / oz *  
C1 cash costs Copper Equivalent USD 0.81 / lb *  
C1 cash costs Gold Equivalent USD 429.68 / oz *  
C1 cash costs Copper USD -0.12 / lb *†  
C1 cash costs Gold USD -413.35 / oz *†  
C2 total cash costs Copper USD 0.67 / lb *†  
C2 total cash costs Gold USD 126.73 / oz *†  
C3 fully allocated costs Copper USD 0.82 / lb *†  
C3 fully allocated costs Gold USD 228.48 / oz *†  
Assumed price Iron USD 50 / t *  
Assumed price Copper USD 2.27 / lb *  
Assumed price Silver USD 14 / oz *  
Assumed price Gold USD 1,200 / oz *  
* According to 2016 study / presentation.
† Net of By-Product.

2016 Study Costs and Valuation Metrics :

MetricsUnitsLOM Total
Initial CapEx $M USD  ......  Subscription required
Sustaining CapEx $M USD  ......  Subscription required
Closure costs $M USD  ......  Subscription required
Total CapEx $M USD  ......  Subscription required
OP OpEx $M USD  ......  Subscription required
Processing OpEx $M USD 264.8
G&A costs $M USD 78.4
Total OpEx $M USD  ......  Subscription required
Gross revenue (LOM) $M USD  ......  Subscription required
EBITDA (LOM) $M USD  ......  Subscription required
Pre-tax Cash Flow (LOM) $M USD  ......  Subscription required
After-tax Cash Flow (LOM) $M USD  ......  Subscription required
Pre-tax NPV @ 5% $M USD  ......  Subscription required
After-tax NPV @ 5% $M USD  ......  Subscription required
Pre-tax IRR, %  ......  Subscription required
After-tax IRR, %  ......  Subscription required
Pre-tax payback period, years  ......  Subscription required
After-tax payback period, years  ......  Subscription required
Subscription required - Subscription is required.


Proposed Heavy Mobile Equipment as of November 1, 2016:
HME TypeModelSizeQuantity
Backhoe ....................... Subscription required 100 t ....................... Subscription required
....................... Subscription required ....................... Subscription required
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Subscription required - Subscription is required.

Mine Management:

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Nov 1, 2022
....................... Subscription required ....................... Subscription required Subscription required Nov 1, 2022
Subscription required - Subscription is required.


Corporate Filings & Presentations:

DocumentYear
Feasibility Study Report 2016
Subscription required - Subscription is required.

Subscription required - Subscription is required.

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